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Top Analyst Confirms The Bearish Target: Bitcoin Could Ease Down To $40,000
TL;DR
Bitcoin's recent rally shows signs of losing momentum, with analysts predicting a potential drop to $40,000. AlejandroBTC warns this could mark a significant downturn, possibly establishing a solid market base.
Key points
- Bitcoin's rally is losing momentum
- Analysts predict a drop to $40,000
- AlejandroBTC describes the rally as a 'dead cat bounce'
- A drop could establish a solid market base
- Bitcoin previously reached over $82,000
Mentioned in this story
AlejandroBTC
The latest Bitcoin (BTC) rally is already showing signs of losing momentum, and several analysts warn that a larger correction may be closer.
AlejandroBTC—posting on X (formerly Twitter)—called the current price behavior “a dead cat bounce,” suggesting the recent rebound may be near its end and that Bitcoin could be set up for a much deeper drop.
Bear Market Still In Play?
In AlejandroBTC’s “most optimistic” framing, the move above $82,000 could have actually marked the top for the cryptocurrency. If that scenario plays out, he warned it could trigger a major downturn. His estimate points to a potential 50% decline toward the $40,000 region.
In his view, that area would not just be another dip, but potentially where a more durable “solid base” could form—effectively implying a market bottom could be built from there rather than continuing to spiral lower.
Another analyst, CryptoCon, offered a different way of thinking about where Bitcoin might be in its cycle. CryptoCon cited the average timeline for past bear markets, saying that based on the historical average of 391 days, the current bear market is estimated to be 55% complete.
According to his calculation, the market is 216 days into the cycle. He added that the lowest drawdown point so far is around -52%, which he described as about 25% higher than the previous cycle’s low.
The daily chart shows BTC’s correction below $82,000. Source: BTCUSDT on TradingView.com
Put plainly, CryptoCon argues that, if history is the guide, Bitcoin may not yet be near the typical drawdown levels many past bear markets eventually reached—and that means there’s still room for additional downside before the “usual” worst-case territory appears.
Why This Week Could Mark ‘The Top For Bitcoin’
That bearish case was echoed by market expert CryptoRover, who suggested that this week “might be the top for Bitcoin.” Rover’s point was not only about current price behavior, but also about historical repetition.
Q&A
What is the bearish target for Bitcoin according to analysts?
Analysts suggest Bitcoin could drop to around $40,000, marking a significant downturn.
What does AlejandroBTC mean by 'dead cat bounce'?
'Dead cat bounce' refers to a temporary recovery in price before a more significant decline, indicating the recent Bitcoin rally may be short-lived.
What price level did Bitcoin reach before the predicted drop?
Bitcoin reached above $82,000 before analysts warned of a potential drop to $40,000.
Why do analysts believe $40,000 could be a solid base for Bitcoin?
Analysts believe that if Bitcoin drops to $40,000, it could form a durable market bottom, providing a solid base for future price stability.
